UK new car sales: demand from fleets drives growth

UK car registrations rose 23.5 per cent in November 2022, but remained 8.8 per cent down on pre-Covid levels


New car sales in the UK grew by 23.5 per cent year-on-year in November 2022, but remained 8.8 per cent lower than November 2019’s figures.

Fleet registrations were up 45.4 per cent compared with November 2021 at 74,184 units. Private registrations only grew 2.7 per cent to 64,292, while business registrations grew 112.2 per cent, but this represents a tiny market share at 4,413 units.

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The figures from the Society of Motor Manufacturers and Traders (SMMT) reveal that electric vehicles now account for more than one in five new cars sold – their registrations grew 34.2 per cent in November 2022. Registrations of plug-in hybrids fell 5.8 per cent, however.

Superminis were the most in-demand type of car, but the best-selling car of the month – and the year-to-date – was the Nissan Qashqai.

The SMMT is anticipating a 15.4-per-cent new car market growth next year, calling for this to be aided by investment in EV incentives and charging infrastructure.

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Mike Hawes, chief executive of the SMMT, said: “Recovery for Britain’s new car market is back within our grasp, energised by electrified vehicles and the sector’s resilience in the face of supply and economic challenges.

“As the sector looks to ensure that growth is sustainable for the long term, urgent measures are required – not least a fair approach to driving EV adoption that recognises these vehicles remain more expensive, and measures to compel investment in a charging network that is built ahead of need.

“By doing so we can encourage consumer appetite across the country and accelerate the UK’s journey to net zero.”

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